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Elders Home Loans

Katrina Parrington

I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

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MFAA Awards

EHL Awards

Katrina Parrington Wins Top Broker Award

The winner of the MFAA Achievement Award for 2010 is Katrina Parrington from Elders Home Loans - Alice Springs.
The Achievement Award recognises the best broker in Australia in business less than 4 years.

Archive for the ‘Elders Home Loans – Palmerston’ Category

While many young Australians fear the property market has risen beyond their reach, eighteen-year-old Charles Bates was able to buy his own home with savings, government assistance, and a little help from his parents.

It’s a common mistake made by many first-time investors – delaying an acquisition due to a cooling market. So why can it be wise to buy in a downturn? It’s widely known that property markets are cyclical and will experience ebbs and flows. However, when any given market experiences a slowdown, many investors, particularly novice investors, will defer buying a property because they’re deterred by the widespread negative sentiment. Acquiring an investment property in a cooler market can be highly beneficial, though.

Federal, state, and local governments are flat out trying to fund the Nation’s essential infrastructure let alone rental accommodation. The percentage of Australian residential dwellings that are funded by governments has shrunk to a miserly 2.9% per year. Mum-and-dad property investors need to continue to be encouraged to add to the rental pool of Australia’s growing population. According to official ATO records, 30% of all Australian residential dwellings receive rental income. The other 70% of dwellings are occupied by the owner (whether mortgaged or debt free).

Despite what the media has been portraying it is a tough rental market at the moment. There are still so many tenants who are vacating properties to buy their own properties. With the current interest rates at their lowest, paying a mortgage is now cheaper than paying rent. I have now heard this from numerous tenants. They may not be buying in the same suburbs they are leasing in but, they tell me they have the chance to stop paying someone else’s mortgage and invest in their own with more security. There are so many new buildings and developments happening in Sydney.

Darwin first-home buyers have faced the challenge of rapidly rising property prices in recent years, however with land packages worth as little as $116,000 selling fast, the worm has turned for first timers. “A number of new, affordable property developments such as Palmerston’s Zuccoli Aspire1 where land packages start from less than $120,000, are being released to the market and are being well received by local first time buyers,” said Glenn Grantham, General Manager of Raine & Horne Darwin.